Wemade's largest shareholder and chairman, Park Kwan-ho, has signed a contract to sell his entire stake in the company, resulting in a transaction valued at approximately 920 billion won.
On June 30, Wemade announced that it had entered into a stock purchase agreement (SPA) for the complete sale of Park's shares. The deal was led by Neopulse, an investment platform with strong connections to major Chinese gaming companies and Alibaba.
Through this investment, Neopulse aims to establish a strategic partnership with Wemade. The company cited Wemade's development capabilities and the competitive strength of its flagship intellectual property (IP), the MIR series, in China as key reasons for the investment.
Looking ahead, Neopulse plans to pursue the development of new titles in the global market, including China, while expanding collaborations with major Chinese IT firms and game publishers to diversify and enhance its IP business model.
The company's valuation of 920 billion won reflects the stable revenue generation and value of the MIR IP, proven through subsidiaries like ChuanQi IP. It also takes into account the growth potential associated with the integration of AI technology and global distribution expansion.
A Wemade representative stated, "The future gaming market will be determined by the ability to utilize AI effectively," adding, "This partnership will be a significant opportunity to strengthen our competitiveness in the next-generation gaming market based on mutual trust." The representative also emphasized the commitment to enhancing localization strategies and AI-based game development capabilities to meet global market expectations.
* This article has been translated by AI.
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